ANNOUNCEMENT 14 Jul 2016

In July 2016, the European Investment Bank (EIB) and Raiffeisenlandesbank Vorarlberg signed a credit line agreement to support small and medium-sized enterprises (SMEs) and mid-cap companies.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, Financed Projects, RLB VORARLBERG MULTI-OBJECTIVE MBIL: https://www.eib.org/en/projects/loans/all/20150576
The European Investment Bank, Project summary, RLB VORARLBERG MULTI-OBJECTIVE MBIL: https://www.eib.org/en/projects/pipelines/all/20150576

Inception date: 14 Jul 2016 | Removal date: open ended

State loan

On 14 July 2016, the European Investment Bank (EIB) and the Instituto de Crédito Oficial (ICO) signed a credit line agreement having a total approved value of EUR 100 million (approx. USD 112.9 million). A number of tranches were signed under the credit line facility.

The credit line will, through the ICO, support certain projects carried out by small and medium-sized enterprises (SMEs) and mid-cap companies located in Austria or the regions adjacent to Lake Constance both in Austria and Germany.

According to the EIB: "The operation will improve access to term finance at favourable conditions via the financing of projects carried out primarily by SMEs and mid-caps."

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory. 

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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